German cheap flight hub Frankfurt Hahn files for insolvency
The terminal of Frankfurt-Hahn Airport is pictured in Hahn, close to Frankfurt, Germany, September 12, 2018. REUTERS/Ralph Orlowski
BERLIN, Oct 19 (Reuters) – Frankfurt Hahn Airport, a German worldwide price range flights hub, has filed for insolvency, in accordance with a court docket submitting revealed on Tuesday.
It was not instantly clear how the insolvency would have an effect on flight operations.
The airport, which is primarily utilized by low-cost airways similar to Ryanair and cargo airways and served about 1.5 million passengers in 2019, is 82.5% owned by Chinese language airport group HNA, whereas the German state of Hesse has a 17.5% stake.
In February, a Chinese language court docket opened insolvency proceedings towards HNA at collectors’ request, although China’s Liaoning Fangda Group and Hainan Growth Holdings have since mentioned they may settle the debt HNA owes to retail traders.
Jan Markus Plathner has been appointed provisional administrator for the insolvency proceedings, the report from the Unhealthy Kreuznach District Court docket confirmed.
HNA and the airport couldn’t be reached for remark.
Reporting by Zuzanna Szymanska, enhancing by Thomas Escritt
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